Johnson & Johnson (JNJ) Revenue — Quarter Ended Sep 29, 2024
Revenue for the quarter edged higher compared with both the immediately preceding period and the same quarter one year earlier. The increase from the prior quarter was marginal, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Sep 29, 2024 · FY2024 Q3
Revenue for the quarter edged higher compared with both the immediately preceding period and the same quarter one year earlier. The increase from the prior quarter was marginal, while the year-over-year gain was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$22.5B
Revenue reported for this quarter.
Quarter-over-quarter
+0.1%
Change from the immediately preceding quarter.
Year-over-year
+5.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$87.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2023 | $21.4B | +7.3% |
| Mar 31, 2024 | $21.4B | +2.3% |
| Jun 30, 2024 | $22.4B | +4.3% |
| Sep 29, 2024 | $22.5B | +5.2% |
Revenue performance
Reported revenue moved upward, reflecting a modest sequential improvement and a stronger annual gain. The trailing twelve-month revenue also showed an increase over the prior year’s comparable period.
Quarterly comparison
When measured against the immediately preceding quarter, revenue was slightly higher. Relative to the same quarter one year earlier, the increase was larger, indicating a year-over-year improvement.
What to watch
The company’s cash and cash equivalents declined from the end of the prior fiscal year, while marketable securities also decreased.